Summary: Augusta, Maine; General Obligation

Standard&Poor's Ratings Services assigned its 'AA' rating and positive outlook to the City of Augusta, Maine's series 2016 general obligation (GO) bonds. At the same time, Standard&Poor's affirmed its 'AA' rating and positive outlook on the city's GO debt outstanding. We base the positive outlook on the series 2016 bonds on strong debt levels that we expect to remain favorable as the city assumes new debt, combined with existing strong credit factors. The city's full faith and credit pledge, subject to the state's LD1 tax levy limit, secures the bonds. We understand that officials will use bond proceeds for construction of a new fire station and acquisition of a fire truck, as well as upgrades to

...Standard & Poor's Ratings Services assigned its '##' rating and positive outlook to the City of Augusta, Maine's series 2016 general obligation (GO) bonds. At the same time, Standard & Poor's affirmed its '##' rating and positive outlook on the city's GO debt outstanding. We base the positive outlook on the series 2016 bonds on strong debt levels that we expect to remain favorable as the city assumes new debt, combined with existing strong credit factors. The city's full faith and credit pledge, subject to the state's LD1 tax levy limit, secures the bonds. We understand that officials will use bond proceeds for construction of a new fire station and acquisition of a fire truck, as well as upgrades to roads and sidewalks. The ratings reflect our view of Augusta's:...

Summary